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Your statement "However, the idea that loans are obviously a negative thing have no basis in math or economics" seems a little odd, in that he is putatively try
by patrickgzill 17y ago
Your statement "However, the idea that loans are obviously a negative thing have no basis in math or economics" seems a little odd, in that he is putatively trying to live without debt.
Mathematically speaking, the sum of the amount of money he will have left after x years is greater if he has no loans, which have interest attached to them.
- Locke1689 17y agoMathematically speaking, the sum of the amount of money he will have left after x years is greater if he has no loans, which have interest attached to them. With a huge penalty in disposable income while in grad school. Spending more in the long term and spending less in the short term are two different cases -- neither of which is objectively better than the other. The better is dependent on circumstances.